Commenting on the news, Chairman David Hall said:
"The Board understands Loretta’s decision but will be very sorry to see her leave. She has steered the organisation skilfully through extraordinary times, overseeing the delivery of over £21bn of compensation in a number of innovative ways. She has also made an important personal contribution to improving the UK’s banking resolution and compensation system through her work with HM Treasury, the Bank of England and the Financial Services Authority on legal reform.
"I am sure Loretta will be highly successful in whatever she decides to do next. She will leave with our very best wishes for the future."
Commenting on her decision, Loretta Minghella said:
"It has been a great privilege to lead the FSCS over the past five years and it will be hard to say goodbye to so many excellent colleagues, but I believe that it is time for me to move on to a new challenge.
"The organisation is only eight years old, and yet it has already achieved an enormous amount, compensating over 3 million consumers and playing an increasingly important role in supporting financial stability. This record of delivery has provided a platform on which the FSCS is now building an even stronger organisation for the future."
